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Recently Coldwell Banker Peter Benninger Realty held our annual Economic Update in the Coldwell Banker theatre at 508 Riverbend Drive. During the two sessions held on February 4  Paul Ferley, the assistant chief economist of RBC Royal Bank, gave the audience his overview of the economic outlook for 2010.

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Plans for a rapid transit system in Waterloo Region are in the news...

Do you have questions about the impact of this new transit system upon you and your community?

The Region of Waterloo has a website with extensive information on this project. The website includes Public Meeting Materials, Maps, Videos & Visuals, Newsletters & Fact Sheets, Notices & Reports and a photo gallery.

In addition to these materials, the website has a Frequently Asked Questions (FAQ) section. Some of the questions include:

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In this recent press release from the Kitchener Waterloo Real Estate Board (KWREB), the board states that the local real estate market is continuing on the strong trend that began in 2009.

K-W Home Sales End Year on Strong Note

KITCHENER-WATERLOO, ON (January 6, 2010) - Another new record for residential sales was set by the Kitchener-Waterloo Real Estate Board (KWREB) in December. MLS® home sales hit 356 units to the end of December, a 60 percent increase from the same month one year ago, and a 15 percent increase from the previous record set in 2006.

The steady climb of residential property sales that began in the second quarter brought the year-to-date total in Kitchener-Waterloo and area to 6,467, a 5.8 percent increase over 2008.

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Here is an interesting article from the MSN.money website. It discusses the authors' ideas about why the Canadian housing market is healthy and how our market compares to the housing market in the U.S.A.

Why is the Canadian Housing Market so Healthy?

By Peter Diekmeyer, Bankrate.com, December 3, 2009

As housing prices continue to rise, Canadians will need to stay grounded to maintain growth.

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According to this recent article supplied by The Real Estate Investment Network, the Kitchener-Waterloo area is among the best areas to invest in real estate:

"Technology Triangle remains the Number One place to invest in Ontario"

Oct. 2nd - The Real Estate Investment Network's (REINT) release of Top Ontario Investment Towns analyzes the current and future prospects for real estate investment opportunities in Ontario. The 108 page report states that recent market correction provides buying opportunities for home owners and investors; however, only in select regions of the province. It identifies which areas will outperform in the coming decade and finds that the Kitchener Waterloo Cambridge area is the top region in Ontario in which to invest in real estate.

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Construction has recently begun on the "John M. Harper District Branch Library" at the corner of Fischer Hallman Road and Laurelwood Drive in Waterloo. This new library branch is being built together with a family YMCA.

Here is the press release provided by the City of Waterloo in early October:

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According to a recent press release from the Kitchener-Waterloo Real Estate Board, consumers are showing confidence in the local real estate market.

KITCHENER-WATERLOO, ON (October 5, 2009) - The 531 homes sold last month through the MLS® System of the Kitchener-Waterloo Real Estate Board (KWREB) may be a mere one percent increase relative to one year ago, but is still the most ever recorded in a single September of the board's history.

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The 2009 Coldwell Banker Home Price Comparison Index (HPCI) released today found that Vancouver, BC placed tenth on the North American most expensive list at almost 1.3 million dollars CDN, this also tops the 35 Canadian markets studied. PEI was narrowly edged out of the North American top ten most affordable markets.

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We are delighted to report that the K-W Street Map & Service Guide has just hit the streets for the 7th time in 16 years. Soon 125,000 maps will be printed and close to 90,000 maps will be delivered by mid October through Canada Post to homes in Kitchener, Waterloo and Elmira.

By now you should have received your copy in the mail. If you have not received a map or would like additional copies, send us an email and we will get them to you.

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CKCO TV is Kitchener Waterloo's local television station. They featured Coldwell Banker Canada's President, John Geha in a news story about housing prices during John's recent visit to Coldwell Banker Peter Benninger Realty.

You can view the video on the CTV website.

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Waterloo councillors have approved a zone change to allow a new 18 unit townhouse development to be built at Park and Allen Streets.

Hit the "read more" link to read a recent article in the Record newspaper. After the article we have included links to the City of Waterloo website for more in-depth information on the new development. You can also view the Concept Building Elevations (drawings) for the Townhouses on the city website.

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